*Ford Motor Co. and the United Auto Workers have come to terms on a new four-year contract that trades annual pay raises for profit sharing and a signing bonus and promises thousands of new jobs building cars and trucks.
Both the union and company said in statements that they would announce details on Tuesday.
Ford shares fell 10 cents to $9.27 in pre-market trading.
The agreement is expected to reduce Ford’s hourly labor costs, which are the highest in the U.S. auto industry. But it is likely to add thousands of new union jobs, depending on growth in U.S. auto sales. Already Ford has promised to add more than 7,000 jobs in the next two years, including engineers and factory workers.
The pact still must be approved by Ford’s 41,000 UAW members in voting that will start next week. Approval could be a problem because many expected the company to restore pay raises and other benefits they sacrificed to help Ford through tough financial times starting in 2007.
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*(Via AJC.com) Morehouse College is among the country’s most grueling colleges according to a listing released Thursday by the Huffington Post.
The all-male school is the only HBCU listed among the likes of MIT, Johns Hopkins, University of Chicago, Caltech and the U.S. naval Academy.
The school’s commitment to upholding standards of excellence as well as its reputation for having notoriously difficult pre-med courses is what landed the school on the list, the Huffington Post writes.
The listing does not appear to be an official ranking and the schools are not listed in any particular order. But Robert Franklin, Morehouse’s President, considers the recognition an honor, and said it is a terrific affirmation to the college’s academic vigor as well as the school’s success of developing Renaissance men in a Hip-Hop culture.
“We have really high expectations and strive to provide an ivy-league education with black college resources,” he said. “We work to inspire our students to work hard and do their personal best. And it seems its paying off.”
But to get a better understanding of just how grueling the curriculum at the school is, we went right to the source – the students.
Continue reading this AJC.com article HERE.